HBOS is expanding its portfolio products across the three brands,The Mortgage Business, BM Solutions andBank of Scotland, to include a 10 tolet product. Available at first through TMB, the product will allow borrowers to have as many properties as they want, provided theydon’t exceed the 10m mark.
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Lighthouse Group is launching the next stage in the development of its specialist mortgage and protection services. The offering sees Lighthouse which is an established national IFA launching its own panel of lenders including high street names such as Abbey, Halifax, Nationwide and Northern Rock, and still maintaining a strategic link to The Scottish Provident […]
em-homeloans, the branded lending division of em-, is offering a buy-to-let product in conjunction with rooftop mortgages.The Rx product range features an LTV of 85%, with no proof of rental required and a 5.5% fixed rate with no overhang on mortgages and remortgages.Simon Mouncher, operations director at em-, says: “This buy-to-let product is just one […]
Sovereign Reversion has released its half-year results and highlighted that financial advisers need learn about home reversions.Sovereign says once regulation is introduced, financial advisers will need to have a full understanding of the benefits of home reversions in order to fulfil their obligation to give impartial advice.The results have shown that its rate of sales […]
Economic Lifestyle is challenging other equity release providers to improve their products as it launches its cash release plan, a portable and flexible reversion scheme. It says poor sales of reversion plans compared with lifetime mortgages are partly due to the inflexibility of products.
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